Hong Kong leader: Extradition bill is ‘dead’ July 9, 2019 The leader of Hong Kong insisted today that a controversial extradition bill which has sparked mass rallies and weeks of unrest is now “dead”. Carrie Lam said in a press conference today that the government’s work on the measure had been a “total failure”, but stopped short of meeting demands to formally withdraw the bill. [...]
Court told of Treasury’s ‘pervasive’ impact on controversial RBS unit GRG July 8, 2019 The government’s influence over a disgraced wing of RBS in the years following the financial crisis was “pervasive”, a court was told today. An internal bank memo from June 2010 raises concerns about the Treasury’s involvement in the global restructuring unit (GRG) of RBS. The GRG has been accused of driving small businesses into the ground as [...]
Wind sector set to add enough capacity to power Britain each year July 8, 2019 The world is set to add enough wind turbines to more than power Britain’s at peak demand each year, new analysis shows. Consultancy Wood Mackenzie today said that global wind producers are expected to bring 71 gigawatts (GW) of capacity online each year until 2023. Read more: The answer to the UK’s renewable energy future [...]
Gatwick Airport train station to get £150m revamp July 8, 2019 Gatwick Airport train station is to receive a £150m upgrade after the government agreed to the cash injection to reduce delays and congestion. The revamp, which will double the size of the station concourse, widen two platforms and increase the number of lifts, is designed to reduce congestion and overcrowding as the UK’s second largest [...]
Jumby Bay Hotel Review, Antigua: A luxury hideaway on a former sugar plantation July 8, 2019 To fully unwind on holiday, according to experts in these matters, takes eight days. That means you barely have time to unclench before you’re steeling yourself for a return to the daily grind. Thankfully, there are no such problems at Jumby Bay Island Resort. With a reputation for discreet relaxation, this luxury hideaway off Antigua’s mainland [...]
Private bank Julius Baer appoints new chief executive July 8, 2019 Swiss private bank Julius Baer has appointed Philipp Rickenbacher as its new chief executive. The 48-year-old Swiss is the current head of intermediaries and global custody at the Switzerland’s third-largest listed bank. He will replace Bernard Hodler, the current chief executive, on 1 September. Read more: Swiss investment bank Julius Baer targets £77m of cuts [...]
London equity capital markets remain resilient despite uncertainties July 8, 2019 London remained a bright spot for equity capital markets as investors shrugged off economic and political uncertainties in the first half of this year. Total funds raised in the UK in the first half of this year reached £19.2bn, up from 22 per cent in the second half of 2018. Read more: Private equity investment [...]
Lib Dems promised flood of cash if they sign up to Remain alliance July 7, 2019 A FLOOD of cash is set to be released to the Liberal Democrats from wealthy donors if the party signs up to a Remain-focused electoral pact, City A.M. can reveal. The cash-strapped party received just £4.8m in funding in the 12 months to March 2019 – £12.4m less than Labour – following an announcement last [...]
New rules could give fraudsters a back door to clone mobile phone numbers July 7, 2019 New rules meant to make it easier to swap mobile contracts could give criminals access to important personal information, experts have warned. The new text-to-switch service, launched last week, allows billpayers to easily get a code to move provider. It aims to encourage switching and save customers on their bills. However, the system is so [...]